Fed Governor Waller: Stablecoins can boost overall demand for the dollar

By: odaily.com|2025/07/10 22:56:40

Odaily News Federal Reserve Governor Waller said on Thursday that stablecoins will increase competition in the payment system, which is a good thing. Waller said at an event at the Federal Reserve Bank of Dallas that the rise of stablecoins will make many types of payments cheaper and faster. As a free market capitalist economist, my goal is to reduce costs for households, consumers and businesses through competition in the payment space, Waller said. He also said that stablecoins may suppress demand for U.S. paper money but will enhance overall demand for the dollar.

Interest rate decisions by major central banks such as the Federal Reserve are significant macroeconomic events impacting global financial markets, directly influencing market liquidity expectations and risk appetite. As the cryptocurrency market continues to develop and its trading structure and participants mature, the crypto market is gradually being incorporated into the macroeconomic pricing system.

U.S. Bank Industry Embraces Blockchain Transition

Key Takeaways The U.S. banking sector is transitioning towards blockchain technology as regulatory discussions turn into implementation. The…

Fed Chair Candidate Upsets Expectations, Powell Surges Ahead: Will "Rate Cuts + Balance Sheet Reduction" Become the New Main Theme?

Powell has recently advocated for a rate cut, but he is more hawkish on balance sheet issues.

Trump’s Influence on Interest Rates: A Matter of Debate at the Fed

Key Takeaways Kevin Hassett, a leading contender for the Federal Reserve chair, asserts that President Donald Trump’s views…

How Prediction Markets Raise Insider Trading and Credit Risks

Key Takeaways: Prediction markets are becoming significant financial players, turning opinions into tradable assets but raising concerns about…

Best Altcoin to Buy Now Under $0.01 – December 10

Key Takeaways: PEPENODE ($PEPENODE) is highlighted as a promising altcoin to consider, especially for those seeking investment opportunities…

The Fed Cuts Rates Again But Disagreement Increases, Next Year's Path May Lean More Conservative

While this interest rate cut was as expected, there was a rare internal Federal Reserve divergence, hinting at a potential extended pause in the future. At the same time, they stabilized year-end liquidity by purchasing short-term bonds.

Trump Takes Over the Fed, Impact on Bitcoin in the Coming Months

The Once-in-a-Century Transformation of the U.S. Financial System

Best New Meme Coin to Buy Today Under 1 Cent – 9 December

Key Takeaways The cryptocurrency market is experiencing a slight dip, but optimism remains due to potential Federal Reserve…

DiDi in Latin America is already a digital banking giant

Attempting to directly transplant the domestic "perfect model" is not feasible. We can only earn respect by demonstrating the ability to "solve pain points."

After the market digests the interest rate cut expectations, how should we navigate the direction of risk assets?

The last interest rate cut of the year brought rates down to ______%. The true market movement depends on the expectation gap rather than policy action.

U.S. Regulator Advocates for a Crypto-Forward Banking Future

Key Takeaways Comptroller of the Currency Jonathan Gould reassures that the Office of the Comptroller of the Currency…